PYMNTS

DECEMBER 11, 2019

Qwil, which is based in San Francisco, said it was going to use the funding to expand, and hire new employees, while increasing the breadth of the people and businesses it lends to. CEO Johnny Reinsch co-founded the company in 2015.

Lending 130

Lending San Francisco Groups Company 130

Bank Innovation

AUGUST 15, 2017

This has been a good year for Affirm, the lending startup established by PayPal co-founder Max Levchin. The San Francisco-based company, has made numerous strides, from issuing its millionth loan to expanding its retail partnerships; from preparing to launch new products in the fall to moving into a permanent office space.

San Francisco 170

San Francisco Retail Lending Company 170

BankInovation

MAY 19, 2022

SAN FRANCISCO — Digital transformation is trending in the lending community, but while many banks initiate the process “very few actually succeed,” Starling Bank founder and Chief Executive Anne Boden said Wednesday at FinovateSpring 2022. But actually, launching a digital […].

San Francisco 98

San Francisco Strategy Lending Community 98

PYMNTS

DECEMBER 7, 2020

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. The news reveals CEO Anthony Noto 's aspirations to go public after he succeeded SoFi Co-Founder Mike Cagney in 2018.

Report 269

Report San Francisco Lending America 269

BankInovation

MARCH 30, 2021

Blend continues its push to automate aspects of mortgage loans, today releasing a lend officer tool that automates parts of the lending process. The San Francisco, Calif.-based

San Francisco 98

San Francisco Tools Lending Management 98

Abrigo

DECEMBER 18, 2023

Critical capital Should CRE lending be off the table? Recent headlines may lead bankers to believe that shunning commercial real estate lending is the safest path to limit or avoid credit risk, given stresses on CRE and regulatory concerns. But that might not be the best move for your financial institution or your community.

Risk Management 221

Risk Management Management Lending Capital 221

American Banker

MARCH 28, 2016

San Francisco Fed President John Williams discusses the potential for new fintech products to make predatory lending easier, whether big banks need to be broken up, and the likelihood of another recession.

San Francisco 28

San Francisco Lending Fintech Technology 28

PYMNTS

MAY 24, 2016

Lending Club – and the alternative lending industry overall – has lost a lot of support in just a few short weeks following the sudden departure of the firm’s CEO , allegations of mismanaged investments and talk by the U.S. percent stake in Lending Club. Purchases of its 44.7

Lending 100

Lending Meeting San Francisco Report 100

Bank Innovation

MARCH 9, 2018

EXCLUSIVE - On March 6 in San Francisco, 12 impressive startups demoed their latest in fintech technology at INV Fitnech's 2nd annual demo day. INV Fintech, the sister accelerator to Bank Innovation, is partnered with Fiserv and eight banking partners with over $3 trillion dollars in assets.

San Francisco 276

San Francisco Fintech Innovation Technology 276

BankInovation

AUGUST 20, 2021

The San Francisco-based digital lending platform provided an update on the integration of Title 365, saying it was hitting milestones, from […].

San Francisco 98

San Francisco Lending Fintech Company 98

Bank Innovation

JUNE 19, 2019

The Series C funding round, led by Andreessen Horowitz, will help the San Francisco-based company hire more engineers to help build out more products, according to Erica Dorfman, Tally’s head of finance and operations. […].

San Francisco 218

San Francisco Operations Company Capital 218

American Banker

MAY 1, 2020

The Home Loan bank will make zero-interest loans, match charitable donations that members make to nonprofits and small businesses, and provide additional funding for economic development grants.

San Francisco 49

San Francisco Lending 49

Bank Innovation

AUGUST 14, 2017

The San Francisco-based bank is looking at partnerships as a way of improving banking experience for its current digital users (including mobile). “We Wells Fargo has been going through a rough patch lately, but the bank itself is focused on moving forward. This is especially true when it comes to digital banking.

San Francisco 287

San Francisco Mobile Digital Banking Apple 287

PYMNTS

MAY 1, 2020

One of the nation’s biggest names in mortgage lending has put the brakes on home equity lines of credit (HELOC) as the economic turmoil caused by COVID-19 is making the U.S. The San Francisco-based company provides upfront home equity cash in exchange for a portion of the home’s future appreciation. Wells Fargo & Co.

San Francisco 154

San Francisco Marketing Lending Report 154

PYMNTS

MAY 18, 2016

Lending Club’s troubles don’t appear to be going away anytime soon. The company was hit with a federal lawsuit from shareholders late on Monday (May 16) in San Francisco that claims that the online lender inflated its share price by not being transparent about the company’s issues with managing itself.

Lending 100

Lending San Francisco Online Management 100

Bank Innovation

MAY 31, 2017

Unison, a 12-year-old company based in San Francisco, wants to fix both of those issues. Applying for a mortgage is (arguably) the most important decision in any customer’s life. It is also one of the most expensive decisions that’s completed through a (usually) painful process.

San Francisco 296

San Francisco Company Operations Lending 296

American Banker

OCTOBER 8, 2020

The San Francisco fintech, which is buying Radius Bancorp, will discontinue peer-to-peer lending and instead offer new products, like high-yield savings accounts, to its retail investors.

San Francisco 92

San Francisco Lending Fintech Retail 92

Bank Innovation

JUNE 20, 2019

Citizens Bank is generating one-third of its mortgage applications online, thanks to a suite of tools the company rolled early this year and a partnership with San Francisco-based fintech firm Blend.

San Francisco 199

San Francisco Tools User Experience Fintech 199

PYMNTS

JUNE 23, 2016

The online lending landscape may get rockier as federal regulators are eyeing whether to bolster their oversight on loans extended to small businesses. The key is whether the borrowers are able to understand, and are presented with, the nuances of their lending agreements.

Lending 100

Lending Regulation San Francisco Online 100

Bank Innovation

MARCH 7, 2018

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck. But the fintech market has rebounded.

San Francisco 236

San Francisco Fintech United States Marketing 236

PYMNTS

JULY 19, 2016

Lending Club, which has been struggling to recover from loan errors and the departure of its Chief Executive (among other issues), has named Patrick Dunne, a veteran of BlackRock, as its new chief capital officer. Dunne is well known in financial circles and his appointment is seen as a boon to the beleaguered Lending Club.

Lending 100

Lending Capital San Francisco Fintech 100

Bank Innovation

SEPTEMBER 13, 2017

This makes sense, since the San Francisco-based digital bank’s mobile app is currently only available on iOS. EXCLUSIVE- SME banking app, Seed, is gearing up to roll out a tool that supports Apple iPhone X’s new Face ID feature, Bank Innovation learned.

San Francisco 240

San Francisco Tools Apple Mobile 240

Bank Innovation

OCTOBER 18, 2017

The San Francisco-based fintech used to charge its customers $9 per month, but after conducting a survey, CEO Brian Merritt told Bank Innovation that he realized Seed could serve customers better by being free. EXLUSIVE – SME-focused digital bank Seed is nixing its monthly fee and will now be free for customers.

San Francisco 236

San Francisco Survey Digital Banking Innovation 236

Bank Innovation

FEBRUARY 18, 2019

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

San Francisco 186

San Francisco Fintech Innovation Security 186

Bank Innovation

MAY 30, 2019

The San Francisco-based startup — whose main business is providing corporate credit cards to tech companies, startups and their employees — had previously raised money at […]. Just two years after it was founded, Brex Inc.

San Francisco 170

San Francisco Maine Cards Security 170

Bank Innovation

AUGUST 25, 2017

Based in San Francisco, Blend was established […]. The funding round was led by Menlo Park, California-based venture capital firm Greylock Partners. Other investors included Emergence Capital, 8VC, Lightspeed Venture Partners, and Nyca Partners.

San Francisco 225

San Francisco Technology California Capital 225

Bank Innovation

MARCH 21, 2019

The San Francisco-based fintech startup also announced it has surpassed $1 billion in bookings through its platform, which enables small businesses and freelancers to streamline processes from capturing leads and delivering proposals to sending invoices and […].

San Francisco 170

San Francisco Management Fintech Company 170

Bank Innovation

FEBRUARY 21, 2018

EXCLUSIVE— Shares of San Francisco-based online lender, LendingClub, fell as much as 11% yesterday after the company missed profit estimates and more than doubled its losses in its fourth quarter. The lender also grew its originations from last year, though its growth in that area remained flat from 3Q17.

San Francisco 199

San Francisco Online Report Company 199

BankInovation

SEPTEMBER 29, 2020

Last week, the San Francisco-based digital lending platform launched new application technology for personal loans, credit cards and specialty vehicle loans. “We Blend is continuing to expand beyond its original business of white-label mortgage application technology.

San Francisco 81

San Francisco Lending Cards Technology 81

PYMNTS

OCTOBER 18, 2016

Lending Club has had a tough year. In early May, news broke that Lending Club had played fast and loose with its documents and disclosures, including the fact that then-CEO Renaud Laplanche had failed to disclose a personal stake in a firm Lending Club had an investment relationship with. The revelations were shocking.

Lending 100

Lending San Francisco Comparison Maine 100

American Banker

MARCH 11, 2016

The Federal Home Loan Bank of San Francisco is exploring ways to use $40 million it received as part of a private-label securities settlement to support small-business development and job creation to help future homebuyers.

San Francisco 28

San Francisco Security Community Bank Capital 28

Bank Innovation

FEBRUARY 7, 2019

Wells Fargo customers nationwide are experiencing technical difficulty accessing the San Francisco-based bank’s online and mobile banking services.

San Francisco 170

San Francisco Online Mobile System 170

Bank Innovation

NOVEMBER 12, 2018

MUFG Bank and Banco Bradesco will use distributed ledger technology from Ripple, a San Francisco-based software vendor specializing in global real-time settlements, to create a new cross-border payment service between Japan and Brazil.

San Francisco 170

San Francisco blockchain Payments Software 170

Bank Innovation

FEBRUARY 23, 2017

The San Francisco-based company processed $13.7 Mobile payments company Square grew its gross payment volume 34% over last year, and its loans through Square Capital were up twice that — 68%. billion in payments in the fourth quarter of 2016, compared with $10.2 billion in the same quarter last year. Read More.

San Francisco 210

San Francisco Capital Cards Mobile 210

PYMNTS

APRIL 7, 2016

On the logic that everything is easier when taken on with a team, the big names in marketplace lending are joining forces and forming their own nonprofit trade association. The CEOs of Funding Circle, Lending Club and Prosper have announced the launch of the Marketplace Lending Association (MLA).

Lending 100

Lending San Francisco FDIC Regulation 100

Bank Innovation

JUNE 28, 2018

For the task, San Francisco-based Bento raised $9 million in a new round of funding today. Bento for Business wants to provide its customers with money management tools combined with banking solutions, similar to the personal financial management app for millennials, MoneyLion, according to company CEO Farhan Ahmad.

San Francisco 170

San Francisco Millennials Tools Management 170

American Banker

JANUARY 12, 2024

The San Francisco-based bank warned for months that charge-offs were likely to start rising as some office-related loans went bad. It began to happen in the fourth quarter, which could be an omen for regional banks that have larger concentrations in the office sector.

San Francisco 59

San Francisco Regional Lending 59